Weather protect insurance expands to 36,080 farmers in the Philippines
By December 2023, Weather Protect Insurance (WPI) — a product providing insurance coverage for climate-induced events based on trigger parameters — covered 36,080 cooperative members (7,883 women) from 103 cooperatives in 71 provinces, through Alliance-supported WPI scaling out and refinement, as we...
| Main Authors: | , , |
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| Format: | Case Study |
| Language: | Inglés |
| Published: |
2024
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/148756 |
| Summary: | By December 2023, Weather Protect Insurance (WPI) — a product providing insurance coverage for climate-induced events based on trigger parameters — covered 36,080 cooperative members (7,883 women) from 103 cooperatives in 71 provinces, through Alliance-supported WPI scaling out and refinement, as well as added value through bundled training on climate-smart farming techniques and recommendations for agricultural resilience and sustainability. WPI makes meso-level payouts within ten days of the weather trigger, allowing agricultural cooperatives to manage and quickly recover from weather-related shocks. |
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